• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Solana Nears $100 Billion Market Cap

user avatar

by Giorgi Kostiuk

a year ago

Solana, known as the 'Ethereum killer,' is steadily moving towards joining the prestigious $100 billion market capitalization club.

Current Success of Solana

As of now, Solana's market capitalization stands at $96.8 billion, with the token experiencing a 1.3% increase over the past 24 hours.

Meme Coin Frenzy and Institutional Recognition

Earlier this year, Solana was at the center of a meme coin frenzy. Pump.fun, a Solana-based meme coin factory, logged $1.9 billion in volume over the past two weeks. The platform has issued over 3.1 million tokens, and total fees have surpassed 1.1 million SOL. In the U.S., Solana is gaining popularity among institutional investors, with several proposals for Solana-based ETFs, including one by VanEck.

The $100 Billion Club

Currently, only Bitcoin, Ethereum, and Tether have market capitalizations above $100 billion. Solana is likely to join this list soon. BNB and XRP were once part of this club but are currently valued below the required threshold.

"Ethereum killer" Solana is on track to join the prestigious "$100 billion club," according to Bitwise CEO Hunter Horsley.Hunter Horsley

With its ambitious plans and consistent growth, Solana could soon become part of the $100 billion club, solidifying its position among leading cryptocurrencies.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

MarketMaestro Predicts Strong Rally for Ethereum Amid Bitcoin Trends

chest

MarketMaestro predicts a bullish outlook for Ethereum, indicating a strong rally as it forms an inverse Head and Shoulders pattern.

user avatarGustavo Mendoza

Exploring the Mechanics of XLS66 Amendment Vaults

chest

Pundit Bodhi explains the operational mechanics of the XLS66 amendment vaults for XRP holders.

user avatarMiguel Rodriguez

Understanding the XLS66 Amendment and Its Benefits for XRP Holders

chest

Crypto expert James explains the XLS66 amendment, detailing its benefits for XRP holders, including a structured lending protocol and yield earning through MPT tokens.

user avatarRajesh Kumar

France Pushes for More Euro-Pegged Stablecoins Amid US Dominance

chest

French Finance Minister Roland Lescure calls for the development of more euro-pegged stablecoins to reduce reliance on US dollar-dominated cryptocurrencies.

user avatarArif Mukhtar

Wrapped XRP Now Live on Solana, Expanding Utility for Holders

chest

Wrapped XRP (wXRP) has launched on the Solana blockchain, allowing XRP holders to trade, earn yield, and access liquidity without selling their tokens.

user avatarLuis Flores

Cardano Price Shows Signs of Potential Rebound

chest

A popular analyst, Ali Martinez, has identified a support level for Cardano at 0.249, suggesting a potential price rally of up to 200%, but warns of risks if this level is breached.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.